Open Data

Axtria

Axtria is a New Jersey- based technology company that develops and markets cloud-based data analytics services and solutions for business. [4] The company’s software is embedded into commercial processes to analyze data and provide insights. [5] The company is headquartered in Berkeley Heights, New Jersey , and has additional locations in California , Arizona, Georgia , Virginia , and Ireland and development centers in Boston , Chicago and Gurgaon, India . [6] [7] [3]

History

Axtria was founded in 2010 by the brothers Jassi and Navi Chadha after their two previous company, marketRX, to Cognizant Technology Solutions for $ 135 million in 2007. [8] The company was financed by a Series A investment round that raised $ 2.5 million venture capital firms and private investors including Sequoia Capital . [4] The funds were used to open in India and to develop its software. [9] Axtria opened a second location in Gurgaon, India in 2013. [7]

In 2014, Axtria raised an additional $ 4.8 million in Series B round funding. [10] [11] That same year, the company ranked 32nd on the Inc 500 list. [12] In July 2014, the company raised $ 30 million in Series C funding, led by Helion Ventures to develop new products, hire staff and increase marketing. As part of the funding, Sanjeev Aggarwal, Helion’s senior managing director joined Axtria’s board. [13] [14] [15]

The company expanded its headquarters in Berkeley Heights, New Jersey , in 2016 after being awarded $ 3.65 million in a Grow NJ award in September 2015. [16] That same year, Axtria was ranked 178 on the Deloitte Fast 500 and 938 on the Inc. 5000. [17] [2]

Operations

Axtria is focused on three main industries including pharmaceuticals, banking and retail. [18] The company develops solutions for sales, marketing, risk management and regulatory compliance named SalesIQ, MarketingIQ and Risk Solutions and supports over 10,000 users from 60 globally customers. [15] The company created Axtria Institute to train its employees in technical skills, industry knowledge, project management and communication skills, and their clients operate. [18]